1) Until now, the majority of University-affiliated MOOCs have been free. This just changed.
2) I find it immensely frustrating that as CS people, we are lowering the bar for what it means to have a Masters degree in our field.
I'd be happy with this sort of activity if it was being done in all other fields uniformly and/or we had unions representing CS workers. Unions, in principal aren't bad ... they are possibly the only way to protect older workers for example. I used to love the CS field because it always felt like a truly meritocracy. As I get older, I realize it is not.
Let me make a third, controversial, and somewhat ungrounded statement:
3) MOOCs will kill CS research. Already CS research is in deep trouble. Exceedingly few private companies fund basic CS research. Academia was the last haven (if you can call it a haven - it was sad seeing the line of professors quitting their jobs to work for Google, and getting a pay raise and increase in respect for it). Govts exceedingly don't want to pay for basic research these days. Undergrad teaching used to be the way academics supported themselves. This is going the way of the dodo. But we are improving the lot of the CS undergrad you say! True .. but tell me what the poor grad student (who actually wants to get a PhD with the romantic notion of advancing the state of the art) going to do to support him/herself financially?